The United States has thrown a spanner into the works of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the successor multilateral trade agreement to the once US-backed TPP. The liberalising pact is expected to be formally signed this week without America. Read Here – The National Interest
Beijing and New Delhi have embraced globalisation while Washington seems to be pulling back from it. Read Here – The Diplomat
The Trump administration’s China-bashing strategy is based on the mistaken belief that a newly muscular US has all the leverage in dealing with its presumed adversary, and that any Chinese response is hardly worth considering. Nothing could be further from the truth. Read Here – Project-Syndicate
Even before Donald Trump enters the White House and formally abandons a U.S.-led trade deal that represented a cornerstone of his country’s economic policy in Asia, Chinese President Xi Jinping will get a chance to prove his willingness to step into the leadership vacuum. Read Here – Bloomberg
A logical implication of the externality argument is that trade agreements lead to freer trade. Some have equated this with the argument for free trade, but the arguments are quite distinct. The case for free trade rests on strong assumptions that may or may not be reasonable. Read Here – Harvard Business Review
Is the TPP really targeting China? US President Barack Obama said on Monday, “we can’t let countries like China write the rules of the global economy. We should write those rules, opening new markets to American products while setting high standards for protecting workers and preserving our environment.” This is not the first time that […]
The Trans-Pacific Partnership is the biggest trade agreement in history, reducing tariffs and other forms of protectionism in a dozen countries making up about 40 percent of the global economy with economic output of almost $30 trillion. The White House estimates it will eliminate 18,000 tariffs on U.S.-manufactured goods, while giving everyone from Vietnamese shrimpers to […]
Global swing states are nations that possess large and growing economies, occupy central positions in a region or stand at the hinge of multiple regions, and embrace democratic government at home. Increasingly active at the regional and global level, they desire changes to the existing international order but do not seek to scrap the interlocking […]
A new free-trade agreement is under negotiation in the Asia-Pacific. If the talks are successful, the Trans-Pacific Strategic Economic Partnership Agreement (TPP) will bring closer together at least 11 economies in East Asia and the Americas. But it faces many hurdles, and raises broader geopolitical issues. For example, China, the world’s second-largest economy, is not part of […]
looking beyond borders 